Energy
Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The oil and gas major reported adjusted earnings […]
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Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
A worker walks past a pile of lithium ore at a Talison Lithium Ltd. site, a joint venture between Tianqi Lithium Corp. and Albemarle Corp., in Greenbushes, Australia. Carla Gottgens | Bloomberg | Getty Images Lithium mining giant Albemarle will halt the expansion of a manufacturing plant in Australia, as the company reviews costs due […]
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U.S. crude oil jumps more than 3% after Hamas political leader assassinated in Tehran
U.S. crude oil futures jumped more than 3% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran, Iran, renewing fears that the Middle East is teetering on the brink of a regional war. Here are Wednesday’s energy prices: West Texas Intermediate September contract: $77.28 per barrel, up $2.55, or 3.51%. Year to date, […]
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Oil major BP raises dividend as second-quarter profit beats expectations
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images British oil giant BP on Tuesday reported stronger-than-expected net profit for the second quarter and raised its dividend despite previously warning of significantly lower refining margins. The oil […]
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Generative AI requires massive amounts of power and water, and the aging U.S. grid can’t handle the load
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate enough electricity for the widespread adoption of AI, and whether our […]
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Trump’s Bitcoin speech aims to lock down crypto support as Harris gains momentum
Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024. Anna Moneymaker | Getty Images NASHVILLE — Former president Donald Trump headlines the biggest bitcoin conference of the year on Saturday afternoon, as the race to capture the votes and the […]
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Trump raises more than $4 million in bitcoin, other digital coins as crypto support pays off
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty Images NASHVILLE — Former President Donald Trump is headed to Tennessee this weekend to deliver a keynote address at a major bitcoin conference. […]
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Grayscale’s $9 billion head start in ethereum is at risk as big investors launch ETFs
Representation of cryptocurrency and Gayscale logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images For crypto firm Grayscale, it’s deja vu in the ETF market. On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, allowing […]
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Scientists discover ‘dark oxygen’ being produced by seabed metals in ground-breaking study
A team of international scientists has found that oxygen is being produced in complete darkness approximately 4,000 meters below the ocean’s surface. Chaluk | Istock | Getty Images An international team of scientists has discovered that oxygen is being produced by potato-shaped metallic nodules thousands of feet below the surface of the Pacific Ocean. The […]
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Delta flight cancellations from IT outage persist through the weekend, CEO apologizes
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Delta Air Lines CEO Ed Bastian […]
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